AI & ML News

AI-Powered Data Utility Platform raises Funds for R&D and Commercialization

Crediwatch’s $3.2 Million Series A Funding will accelerate R&D and Commercialization of the TechFin platform.

Crediwatch has secured $3.2 Million in Series A funding. Led by ARTIS Labs, the funding will accelerate R&D and commercialization of Crediwatch’s platform. Additional new investors in the round include Abstract Ventures. Prior to this round, Crediwatch has raised $1.6 million from Modern India Limited, Family Offices of Vijay Kumar Jatia, Contrarian Vriddhi Fund, Vaibhav Domkundwar’s Better Capital, Mekin Maheshwari (Flipkart) and Pithambar Gona (former MD of Blackstone Pvt Equity Asia) bringing the total funding till date to $5 million.

Having provided insights on 50,000+ businesses and $7 billion loan portfolio, Crediwatch aims to offer a dynamic ‘Trust Score’ derived from millions of data points that are extracted and analysed across thousands of formal and alternative sources to help lenders assess borrowers and monitor them close to real time.

The ecosystem needs a dynamic business information exchange to create transparency and a continuous monitoring of borrowers to weed out bad cases early. Our vision is to reimagine SME credit by measuring trust through verifiable data, insights and good behaviour,”

Meghna Suryakumar, Founder and CEO, Crediwatch.

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